Minted | movie | 2023 | Official Trailer - video Dailymotion

A fascinating look at the intersection of art, commerce, and digital ownership through the rise and crash of the NFT mar | dG1fSlNqMTRoWG1RQ0E

Transcript

00:00We're watching that closing of the auction which closes in an hour. It's already at absolutely ridiculous amount

00:09NFT NFT people are paying tens of millions of dollars

00:1869 million dollars. I think it's completely insane. I didn't think that could be sold for any amount of money

00:24People what is an NFT? It's not just for digital art. It's like this could be for anything

00:33Up until NFTs, I was barely able to pay in rent or buy food

00:39$900,000 I'm not to cry

00:43My first piece sold for $30,000 which was a lot for a 15 year old

00:47In Nigeria, being told growing up, you can't be an artist. But I've sold NFTs to over 20 collectors

01:06I think traditional art is still quite skeptical about NFTs. This is not respectable art

01:13I just bought a people. It's like

01:16$65,000. It could certainly be a bubble

01:23FTX collapsed this week after a chain reaction. This started as a digital art movement

01:28But it transformed into one of the largest financial collapses in American history

01:36The NFT market had become the greater fool theory. Everyone just got annihilated

01:42It's someone's life you're playing with and someone's emotions and expressions

01:49You have to be kind of crazy to trade NFTs. $500,000, one click, all gone. This was old-school fraud

02:00What gives Van Gogh value? What gives the Jackson Pollock value?

02:03It's got to be a new idea that changes the way people think about art

02:09and

02:10I'm trying to do that. We'll see a hundred years from now if I've done it